Analyzing wick rejection percentages can provide insights into market sentiment and potential future price movements. For example, high wick rejection percentages at key support or resistance levels may indicate strong buying or selling interest and could influence trading decisions.
Overview The VWAP Suite with Standard Deviation Strategy is a comprehensive indicator designed to help traders make informed trading decisions based on the Volume Weighted Average Price (VWAP) and its associated standard deviation bands. This indicator provides multiple VWAP calculations for different timeframes (Session, Day, Week, Month) and incorporates...
This script allows you to quickly scan the market by displaying the RSI values of up to 280 tickers at once and visualizing them in an easy-to-understand format using labels with heatmap coloring. 📊 Source The script can display the RSI from a custom timeframe (MTF) and custom length for the following data: - Price - OBV (On Balance Volume) - Open Interest (for...
🔵 Introduction 🟣 Session The forex market operates 24 hours a day, 5 days a week, with only Saturdays and Sundays being off; traders often focus on one of the forex trading sessions instead of trying to trade in all markets 24 hours a day. Trading sessions are time intervals during which a specific financial market is active and trades are conducted. The...
🌟📊 Introducing the Net Buying/Selling Flows Toolkit by AlgoAlpha 📈🚀 🔍 Explore the intricate dynamics of market movements with the Net Buying/Selling Flows Toolkit designed for precision and effectiveness in visualizing money inflows and outflows and their impact on asset prices. 🔀 Multiple Display Modes : Choose from "Flow Comparison", "Net Flow", or...
█ Introduction and How it is Different The "Price-Volume Dynamic - Strategy" leverages a unique blend of price action, volume analysis, and statistical z-scores to establish trading positions. This approach differentiates itself by integrating the concept of the Point of Control (POC) from volume profile analysis with price-based z-score indicators to create a...
This indicator is based on 3 indicator := 1) Forex Market Session 2) Ema 200 3) Volume This indicator is for Forex market ..in Forex market (ex- Eur/Usd ) price often (67%) do rotation in every session means example :let suppose a trade take trade in asian session and have 30 pips stop loss 67 % chance price will come back to entry price after London...
🌟 Introducing the Institutional Activity Index by AlgoAlpha 🌟 Welcome to a powerful new indicator designed to gauge institutional trading activity! This cutting-edge tool combines volume analysis with price movement to derive a unique index that shines a spotlight on potential institutional moves in the market. 🎯📈 Key Features: 🔍 Normalization Period :...
"Volume Spectrum Candles" is a visually intuitive trading indicator that enhances candlestick charts by incorporating trading volume directly into the color of each candle. Purpose and Utility: This tool assigns a unique color gradient to candlesticks, which varies from light to dark based on the volume of trades executed. This feature allows traders to...
This indicator was designed to analyze buying and selling pressure through volume calculations, providing insights into market dynamics. It can be used to determine whether buyers or sellers dominate the market at any given time. Key Features 1. Volume Calculations: This indicator calculates the volume attributable to buyers and sellers for each bar, then...
I've noticed that many Pine coders calculate buy and sell volumes by considering the volume of a bullish candle as buy volume and the volume of a bearish candle as sell volume. However, I believe this approach isn't very logical, especially for candles with long wicks like pinbars. Therefore, I've devised a method to calculate the buy and sell volumes of a...
█ OVERVIEW ᴇᴍ VRVP (Visible Range Volume Profile) indicator calculates the volume profile within the visible range of prices. Volume Profile is an advanced technical analysis indicator that shows trading activity over a specified period of time at certain price levels. The indicator plots a histogram on the chart that reflects dominant or significant price...
The "Bullish/Bearish Volume" indicator helps traders identify discrepancies between price movement and trading volumes. Sometimes the price trends in one direction while trading volumes indicate opposing intentions among market participants. This indicator aims to identify such divergences, assisting traders in making more informed and balanced trading...
SiddharthaRay007's Enhanced Volume Indicator works on any Timeframe ⦿ Volume Labels: 1. Current Volume, Volume Change%, Average Volume, Average Doller Volume, Up/Down Ratio, ADR%. =>Average value can be changed using 'Lookback Length' (Default: 20) ⦿ Simple Moving Average: MA (Default: 50). Color of MA changes based on the up down volume ratio. 1. Up/Down Ratio...
Calculates Projected Volume for the current trading day. Builds on Pocket Pivot Breakout Script by simatricks.
The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks. This strategy is optimized for assets demonstrating high volatility and significant momentum spikes. HOW IT WORKS The strategy first takes the specific number of...
Purpose: The "Uptrick: MultiMA_Volume" indicator, identified by its abbreviated title 'MMAV,' is meticulously designed to provide traders with a comprehensive view of market dynamics by incorporating multiple moving averages (MAs) and volume analysis. With adjustable inputs and customizable visibility options, traders can tailor the indicator to their specific...
Volume Delta: Volume Delta is an indicator that simplifies how you analyze trading volumes and the percentage of buy-sell activities effortlessly. As a trader or market analyst, understanding underlying volume and trade flows is critical. The Volume Delta indicator provides thorough insight into both the total volume and the percentage of buying versus selling...